Young Spyker formally hands in commercial vehicle assets or takes the lead in IPO

Spyker is one of the world's leading manufacturers of supercars.

A few days ago, Zhejiang Youth Automotive Group and the Dutch Spyker Co., Ltd. formally signed an equity subscription agreement. The two parties' hand-holding also to some extent made up for the regret of the youth group's failure to acquire Sage, the Selmer Atomic Company.

According to the agreement, young people will subscribe for a 29.9% stake in Spyker, and will set up two joint ventures for the production of Spyker brand mid- to high-end models, youth cars will also complete the two brands of Lotus and Spyker in the passenger vehicle business area. And the overall layout of the Lotus Technology, Spyker and Saab Phoenix three technology platforms.

The reporters learned exclusively that although the cooperation between youth and Spyker has greatly enhanced the overall strength of the youth passenger vehicle business, Pang Young, chairman of the Youth Group, did not use it as a betting chip for the IPO, but instead represented the new energy bus. Commercial vehicle business as the focus.

It is understood that the carbon nanotechnology battery technology developed by the Youth Group has already been applied to its new energy bus products. In the future, the battery will also be carried on the new energy passenger car product and will be sold in the European and American markets through Spyker's channel.

Senior Automotive Industry Group explained that since the passenger vehicle business with Spyker takes several years to see results, the Youth Group may take the lead in promoting its commercial vehicle business segment.

Young shares in Spyker

Previously, due to the obstruction of Saab's former parent company, General Motors, Young Motors' attempt to acquire the Saab brand from Saab's former parent company, Spyker, has failed. It only harvested the non-exclusive but unlimited use rights of the Saab Phoenix platform.

According to Pang Youth, the youth car has established a good and trustful cooperative relationship with Spyker during the acquisition of Saab, which has also contributed to the establishment of equity cooperation and joint venture between the two parties.

According to the agreement signed by the two parties, the young people invest in Spyker 10 million euros to subscribe for 29.9% stake in Spyker. If the new shares are issued to the youth after the reverse split, the subscription price is 5 euros per share.

In addition, the two parties will establish Spyker & Co., Ltd. and Spyker Phoenix Co., Ltd. The two joint ventures will help Spyker and Youth Automotive to develop markets in Europe, America and China.

According to the agreement, young people will invest 25 million euros in Spyker United Co., Ltd., accounting for 75% of the shares. The company will produce four-door super SUVs priced at US$250,000 and is expected to be listed in 2014. The next step is to develop high-end luxury cars and coupes that are not below the level of the Porsche.

At the same time, young people will use the right to use the Phoenix platform acquired from Pyotr to invest in Spyker Phoenix Co., Ltd., which will account for 80% of the shares. The company will develop and manufacture a new series of high-end cars based on the Phoenix platform and Spyker technology. These models will be positioned higher than Saab's same-class models and will be simultaneously developed and manufactured in Europe and China and will be sold to the global market.

Pang youth said that through the cooperation with Spyker, Youth Automotive not only has the capital for R&D and manufacturing mid-to-high-end car products, but also has broken through the obstacles to the development of European and American markets.

Improve the layout of passenger cars

As is known to all, the Youth Automotive Group started with medium- and high-end passenger car business and relied on technical cooperation with the German passenger car manufacturer Neoplan to occupy a high share of domestic luxury passenger cars. The rapid growth of the passenger car business has helped young cars to accumulate a lot of funds. This has also become the capital of the youth car development passenger car business.

In the early stage of the development of the passenger vehicle business, Young Automotive acquired the brand and technology license of Lotus Engineering through cooperation with the parent company of Malaysia Lotus Proton Group, and on this basis, it developed a variety of products that use the Lotus Project as a brand name in China. In the car, the previously developed Lotus L3 and L5 have achieved good sales performance in the domestic market.

However, in Pang youth's view, the development of high-end passenger cars and open Europe and the United States market is the future direction of the development of the youth car passenger car business, which is the original intention of young people to buy Saab cars.

It is understood that although the acquisition of Saab eventually failed, the youth obtained part of the Saab Phoenix platform's right to use, which also allows young people to have the technical basis for the development of mid-to-high-end models. The stake in Spyker and the establishment of a joint venture will help young people fully own cars. The technical strength of mid- to high-end luxury passenger cars and to open the European and American markets.

Pang Young said that Spyker is a luxury sports car manufacturer with a hundred years of history. There is no doubt that brand accumulation and product quality can be achieved. Young people can cooperate with Spyker to complete the two brands Lotus and Spyker and Lotus Works, Spyker and Saab. The overall layout of Phoenix's three major technology platforms.

Pang Young said that both young people and Spyker will benefit from the cooperation and come up with cutting-edge technologies for cooperation. The mid- to high-end sedan based on the Phoenix platform is expected to be domestically produced in two years, and the Spyker-branded luxury SUV will be in 2014. The first listing in the year.

New Energy Helps IPO

Some insiders believe that the cooperation between youth and Spyker will help the overall listing of young cars. However, according to the reporter's understanding, Youth Automotive will take the lead in promoting the commercial vehicle business segment. The new energy bus business represented by nano-carbon battery technology will be an important bargaining chip for the overall listing of young cars.

According to Pang Youth's introduction, the research and development of nano-carbon battery technology for youth vehicles is completely independent intellectual property rights, and is supported by the National Development and Reform Commission. Currently, it has been carried on mid-to-high-end passenger car products and has already started cooperation with Hong Kong’s Kowloon passenger transport company.

It is understood that young cars have achieved initial success in the field of new energy vehicles. During the Beijing Olympic Games, they have purchased more than 100 young hybrid electric buses, and this year also achieved the export of more than 200 electric hybrid buses.

Pang said that young people, five minutes of fast charging time, 2 to 500,000 times the number of charging and a slightly higher mileage than the lithium battery has become the core competitiveness of young new energy passenger cars.

Pang Yang said that Young Automotive has already begun to apply nano-carbon battery technology to passenger vehicle R&D work, and took the lead in the Spyker brand's high-end new energy vehicle products, and further enhanced new applications of carbon fiber materials. The overall performance of energy automotive products.

"The company has developed to a certain scale and it is time for public companies to supervise each other." Pang Yang said that the youth car will focus on the commercial vehicle business segment, strive to promote the listing of A shares IPO, and continue to improve commercial vehicles in the next few years The overall layout of the business and passenger vehicle business.